I hope you’ve had a great week. Our team have travelled to Hong Kong this week for a meet-and-greet with some of our overseas clients.
Directors Nick & Tobi have joined our Cantonese and Mandarin-speaking agents to present our most popular investments to clients and offer them some unique incentives, face-to-face.
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Now, let’s take a look at all the headlines that caught our attention this week. I always try to summarise the links to save you from having to click through.
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Property Headlines This Week
- Edmond de Rothschild Group Expands Its Presence in Dubai – Swiss asset management specialists, the Edmond de Rothschild Group, revealed on Tuesday that it is planning to grow its presence in the UAE. Set to attract its higher-scale clients, the banking group will be setting up an advisory office in Dubai with around five staff members. The DIFC has already issued a license allowing the group to advise clients in a local capacity, along with allowing clients to access the entire group’s offerings. The hyper-luxury surroundings of Dubai have been considered the perfect backdrop to their high-net-wealth demographic.
The Glitz, Glamour & Luxury Real Estate of Downtown Dubai – Part of the affluent business sector of the city, Downtown Dubai is one of the trendiest districts that host a variety of unique residences. First built in 2004, Downtown has become one of the best areas for foreign investors with strong returns and a healthy, fast-growing economy. Downtown lies in the north of Dubai and has been ranked the most visited neighbourhood, with only Dubai Marina beating the area for relocation and permanent staying. Downtown Dubai offers a lifestyle like no other, with the world-famous Dubai Mall, Dubai Fountain and the stunning MBR Boulevard being just some of the incredible attractions on offer for visitors and residents.
- Dubai Races to Become World Market Leader for Luxury Homes – After New York, LA and London, Dubai is the world’s most prominent luxury property market in the world, with a huge influx of HNWIs flocking to its shores daily. The city’s popularity during a time of great global uncertainty has only increased, with its proactive handling of the covid pandemic, followed by its neutral stance in respect of the Russian-Ukrainian conflict, making it a haven for those looking for a secure place to put their wealth while enjoying a luxury lifestyle. Last year alone, Dubai achieved 219 sales of properties worth $10 million or more last year, according to property consultant Knight Frank LLP.
That is all we have for you this week. If you have any comments or questions on this week’s news summary then please feel free to send us an email at [email protected] – if not, see you next week.